Sep 4, 2023 · This article examines what the interviewer is looking for when asking “Why audit?”, how you can prepare beforehand, and what to say (and not to say) when faced with the “why …

Auditing means evaluating the effectiveness of the company’s internal controls and to assess the transparency of the entity to its stakeholders. To achieve the company’s business objectives, …

Dec 20, 2023 · 5 Reasons Why Internal Audits are Important. Internal auditing programs are critical for the surveillance and assurance of the proper protection of your business assets …

Apr 22, 2022 · Why Audit? The purpose of an audit is simple. For the average stakeholder, an audit is when financial statements of a concern are subjected to an independent check.

Mar 26, 2025 · An audit is an examination of a company’s financial statements and related information by an independent public accounting firm to express an opinion on the financial …

Oct 4, 2024 · Auditing is performed to serve a variety of crucial purposes of an organisation that helps them to grow. The basic purpose of Auditing includes: Testing accuracy of the books of …

Audit is an important term used in accounting that describes the examination and verification of a company’s financial records. It is to ensure that financial information is represented fairly and …

Sep 25, 2024 · Why Audit is Necessary? The Audit is necessary to protect your business and encourage its thriving. It includes features such as early warnings, open communication, and …

One of the primary reasons for audit is to comply with the statutory requirements and regulations. Non-compliance with statutory regulations may result in hefty fines, loss of business, and a …

Discover why audits are essential for businesses and organizations. Learn their role in accountability, compliance, and growth.